802/96 North TerraceAdelaide SA 5000
Property Details for 802/96 North Tce, Adelaide
802/96 North Tce, Adelaide is a 2 bedroom, 1 bathroom Apartment. The property has a floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Apartment sold in Adelaide in the last 12 months.
Last Listing description (October 2024)
This spacious north facing apartment boasts endless opportunities for the astute investor or owner occupier looking to live it up in the city. The location has absolutely everything going for it. The adjacent River Torrens Precinct, Adelaide Oval, Convention Centre, Sky City Casino and Festival Plaza and only 500 metres away is the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI) and Adelaide's Biomedical Precinct.
First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School and Adelaide Botanic High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.
This fully furnished apartment allows you the flexibility to do as you please. Live in as an owner occupier, lease through the Oaks Hotels and Resorts, lease privately on a long-term basis, or be a bit more adventurous and manage it yourself through Airbnb, Booking.com and any other short-term platforms.
Currently tenanted by the Oaks Hotels for a guaranteed return of $2,903.33 per month ($670 per week) approx.
Perfectly positioned in the north-east corner of the Embassy, enjoy an alfresco breakfast in the morning sun and watch North Terrace and Adelaide Oval light up in the evenings. Inside the apartment boasts light filled living and dining complimented with picture windows framing the amazing north facing aspect over North Terrace, the River Torrens, Adelaide Oval and beyond.
The kitchen is well appointed with solid granite benchtops and SMEG appliances complete with dishwasher, electric oven and gas cooktop. Adjacent is the European Style laundry tucked away behind bi-fold doors.
The two bedrooms are excellent size, both with two sets of built in robes, the main bedroom with large windows overlooking Adelaide Oval. The bathroom is conveniently positioned for guests and central to the two bedrooms.
A rarity in this building, the apartment features two north facing balconies. The main balcony positioned in the north-east corner is great size and perfect for entertaining for guests and the smaller balcony in the north-west corner for the BBQ.
Further features include a European style laundry tucked, ducted reverse cycle air-conditioning and excellent security with swipe card access, 24-hour reception in the foyer and an intercom that allows guests to your room.
On the 4th floor you'll find the excellent gym equipment, indoor heated lap pool and sauna. All these luxury benefits maintained and serviced through the community rates and are available to you at your leisure.
Property History for 802/96 North Tce, Adelaide, SA 5000
- 02 Oct 2024Sold for $495,000
- 09 Sep 2024Listed for Sale **UNDER CONTRACT**
- 25 Oct 2017Listed for Sale $410,000 - $420,000
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.
Adelaide has 17,968 properties. Over the last 5 years, Houses in Adelaide have seen a 53.55% increase in median value, while Units have seen a 20.33% increase. As at 31 August 2024:
- The median value for Houses in Adelaide is $1,105,627 while the median value for Units is $502,014.
- Houses have a median rent of $613 while Units have a median rent of $570.
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